Latest / The Billionaire Brain® Podcast / Ep166 - The Real Risk Of Playing It Safe
Transcript
- 0:02Hey,
- 0:02it's
- 0:02Dawn
- 0:02McGrewer,
- 0:03the
- 0:03business
- 0:03growth
- 0:03coach.
- 0:04And
- 0:04welcome
- 0:04to
- 0:05dawn
- 0:05of
- 0:05a
- 0:05New.
- 0:06Era,
- 0:06the
- 0:06podcast
- 0:07where
- 0:07we
- 0:07talk
- 0:07all
- 0:08things
- 0:08health,
- 0:09wealth,
- 0:09and
- 0:09happiness,
- 0:10and
- 0:10where
- 0:11founders
- 0:12share
- 0:12the
- 0:12good
- 0:12and
- 0:13bad
- 0:13and.
- 0:13Ugly
- 0:14of
- 0:14being
- 0:14an
- 0:14entrepreneur.
- 0:16So
- 0:17in
- 0:17today's
- 0:17episode,
- 0:18we're
- 0:18going
- 0:18to
- 0:19be
- 0:19talking
- 0:19about
- 0:20the
- 0:20real
- 0:20risk
- 0:21of
- 0:22playing
- 0:22it
- 0:22safe.
- 0:23Because
- 0:23here's
- 0:24the
- 0:24thing.
- 0:25Comfort
- 0:26zones
- 0:26feel
- 0:27secure,
- 0:28but
- 0:28in
- 0:29business,
- 0:30they're
- 0:30often
- 0:30the
- 0:30most
- 0:30dangerous
- 0:31place
- 0:31to
- 0:32actually
- 0:32be.
- 0:32Because
- 0:33I
- 0:33want
- 0:33to
- 0:34talk
- 0:34about
- 0:34today,
- 0:34the
- 0:34first
- 0:35thing,
- 0:35which
- 0:35is
- 0:36all
- 0:36about
- 0:36reframing
- 0:37risk.
- 0:38And
- 0:39I
- 0:39definitely
- 0:40am
- 0:40somebody
- 0:41who,
- 0:41as
- 0:41a
- 0:42business
- 0:42owner,
- 0:43probably
- 0:43takes
- 0:43quite
- 0:44a
- 0:44lot
- 0:44of
- 0:44risk.
- 0:44And
- 0:45I
- 0:45think
- 0:45also
- 0:46because
- 0:47of
- 0:48when
- 0:48I
- 0:48was
- 0:48like,
- 0:4919,
- 0:4920,
- 0:50I
- 0:50lost
- 0:50six
- 0:51people
- 0:51in
- 0:51a
- 0:52very
- 0:52short
- 0:52period
- 0:53of
- 0:53time.
- 0:54And
- 0:55by
- 0:55experiencing
- 0:55that
- 0:55sort
- 0:56of
- 0:56grief
- 0:56and
- 0:56loss,
- 0:57it
- 0:57changed
- 0:57my
- 0:57whole
- 0:58perspective
- 0:58on
- 0:58life.
- 0:59And
- 0:59I.
- 0:59I
- 0:59definitely
- 1:00became
- 1:01somebody
- 1:01who.
- 1:02Was
- 1:02an
- 1:02avid
- 1:03risk
- 1:03taker.
- 1:04But
- 1:04when
- 1:04you
- 1:05actually
- 1:05hear
- 1:05the
- 1:05word
- 1:06risk,
- 1:06your
- 1:07brain
- 1:07instantly
- 1:08lights
- 1:09up
- 1:09in
- 1:09the
- 1:10amygdala.
- 1:11Now,
- 1:11what
- 1:11this
- 1:11means
- 1:12is,
- 1:12is
- 1:12this
- 1:12is
- 1:13the.
- 1:13The
- 1:13fear
- 1:14center.
- 1:15So
- 1:15it's
- 1:15basically
- 1:16what's
- 1:16interpreting
- 1:18whether
- 1:18it's
- 1:18dangerous,
- 1:19and
- 1:20it's
- 1:20trained
- 1:21to
- 1:21seek
- 1:22it
- 1:22out.
- 1:22And
- 1:23almost,
- 1:23you
- 1:24know,
- 1:24if
- 1:24it
- 1:24sees
- 1:24an
- 1:25uncer,
- 1:27it
- 1:27will
- 1:27go
- 1:28into
- 1:28hyperdrive.
- 1:29Now,
- 1:30this
- 1:30is
- 1:31where
- 1:31we
- 1:31see
- 1:32neuroscience
- 1:32at
- 1:33work.
- 1:33And
- 1:33I
- 1:33talk
- 1:33a
- 1:34lot
- 1:34about
- 1:34neuroscience.
- 1:35I
- 1:35talk
- 1:35a
- 1:36lot
- 1:36about
- 1:36Japanese
- 1:36wisdom
- 1:37and
- 1:38psychodynamics
- 1:39and
- 1:39quantum
- 1:39psychology,
- 1:40because
- 1:41these
- 1:41are
- 1:41all
- 1:42crucial
- 1:42in
- 1:42understanding
- 1:43how
- 1:44your
- 1:44brain
- 1:45really
- 1:46works.
- 1:46Now,
- 1:47to
- 1:47understand
- 1:47the
- 1:48mind
- 1:48is
- 1:48critical.
- 1:49And
- 1:49I
- 1:49remember
- 1:50I
- 1:50was
- 1:50probably
- 1:52in
- 1:52my
- 1:53late
- 1:53teens,
- 1:53early
- 1:5420s,
- 1:54when
- 1:54I
- 1:55was
- 1:55studying
- 1:55psychology.
- 1:56One
- 1:56of
- 1:56the
- 1:56books
- 1:56that
- 1:57was
- 1:57really
- 1:57changed
- 1:58my
- 1:58life
- 1:59was
- 2:00Mapping
- 2:00the
- 2:00Mind
- 2:01by
- 2:01Rita
- 2:02Carter.
- 2:02And
- 2:03it
- 2:03was
- 2:03all
- 2:03about
- 2:04how
- 2:05to
- 2:05understand
- 2:07why
- 2:07we
- 2:07think
- 2:08and
- 2:08feel
- 2:09and
- 2:09do
- 2:09certain
- 2:10things.
- 2:10And
- 2:11this
- 2:11has
- 2:11always
- 2:11been
- 2:11something
- 2:12that
- 2:13I
- 2:13probably
- 2:13talk
- 2:14about
- 2:14on
- 2:14a
- 2:14daily
- 2:14level
- 2:15because
- 2:15even
- 2:15when
- 2:15we're
- 2:16posting
- 2:16on
- 2:16social
- 2:16media,
- 2:17you
- 2:18know,
- 2:18every
- 2:18action
- 2:18we
- 2:18take,
- 2:19we
- 2:19have
- 2:19to
- 2:19be
- 2:20understanding
- 2:21what
- 2:22we
- 2:22want
- 2:22that
- 2:23person
- 2:23to
- 2:23think,
- 2:23feel,
- 2:24and
- 2:24do.
- 2:24And
- 2:24again,
- 2:25we
- 2:25have
- 2:25to
- 2:25understand
- 2:26ourselves.
- 2:27You
- 2:27know,
- 2:27how
- 2:27do
- 2:27we
- 2:27want
- 2:28to
- 2:28think,
- 2:29feel,
- 2:29and
- 2:29do?
- 2:30Now,
- 2:30I've
- 2:31studied
- 2:33numerous,
- 2:33numerous,
- 2:34probably
- 2:35hundreds,
- 2:36if
- 2:36not
- 2:36thousands
- 2:37of
- 2:37inspiring
- 2:37leaders,
- 2:38looking
- 2:38at
- 2:39millionaires,
- 2:40billionaires,
- 2:41people
- 2:42who
- 2:42are
- 2:42doing
- 2:43philanthropic
- 2:44activities,
- 2:45people
- 2:45who
- 2:45are
- 2:45making
- 2:46real
- 2:46change
- 2:46and
- 2:47action
- 2:48and
- 2:48impact
- 2:49in
- 2:49the
- 2:49world.
- 2:50So
- 2:50a
- 2:50variety
- 2:51of
- 2:51people,
- 2:52not
- 2:52just
- 2:53people
- 2:53in
- 2:53the
- 2:53business
- 2:54world,
- 2:54but
- 2:54really
- 2:55looking
- 2:55at
- 2:56people's
- 2:56autobiographies,
- 2:58looking
- 2:58at
- 2:58people's
- 2:59mannerisms,
- 3:00looking
- 3:00at
- 3:00people's
- 3:01habits
- 3:02and
- 3:02studying
- 3:03them
- 3:03to
- 3:03understand
- 3:04what
- 3:05the
- 3:05top
- 3:051%
- 3:06think,
- 3:07feel,
- 3:07and
- 3:07do
- 3:08and
- 3:08what
- 3:09is
- 3:09their
- 3:09daily
- 3:10routine.
- 3:10Now,
- 3:11this
- 3:11has
- 3:11always
- 3:11fascinated
- 3:12me.
- 3:12The
- 3:12mind
- 3:13is
- 3:13a
- 3:14magical
- 3:14place.
- 3:15And
- 3:16for
- 3:16me,
- 3:16if
- 3:16we
- 3:17can
- 3:17get
- 3:17a
- 3:17grasp
- 3:17on
- 3:18it,
- 3:18we
- 3:18can
- 3:19start
- 3:19to
- 3:20really
- 3:20carve
- 3:20out
- 3:22are
- 3:23life
- 3:23that's
- 3:24full
- 3:24of
- 3:24kind
- 3:24of
- 3:25joy
- 3:25and
- 3:25enrichment
- 3:26and
- 3:26particularly
- 3:27happiness.
- 3:28One
- 3:28thing
- 3:28that
- 3:29I
- 3:29started
- 3:30to
- 3:30see
- 3:30a
- 3:30distinct
- 3:31lack
- 3:31of
- 3:31in
- 3:32my
- 3:33first
- 3:33sort
- 3:33of
- 3:33years
- 3:34in
- 3:34business
- 3:34was
- 3:35people
- 3:35who
- 3:35were
- 3:36truly
- 3:36happy.
- 3:37I
- 3:37met
- 3:38people
- 3:38who
- 3:38were
- 3:38very
- 3:38wealthy.
- 3:39I
- 3:40met
- 3:40people
- 3:40who
- 3:40were
- 3:41very
- 3:41healthy.
- 3:43But
- 3:43even
- 3:43if
- 3:44I
- 3:44found
- 3:44people
- 3:44who
- 3:44were
- 3:45healthy
- 3:45and
- 3:45wealthy,
- 3:47the
- 3:47last
- 3:47part
- 3:48of
- 3:48the
- 3:48piece
- 3:48of
- 3:48the
- 3:48puzzle,
- 3:49happiness
- 3:49was
- 3:50often
- 3:50missing.
- 3:51And
- 3:51I
- 3:51started
- 3:51to
- 3:52think,
- 3:52well,
- 3:52why
- 3:52is
- 3:53this?
- 3:53Why
- 3:53is
- 3:54it
- 3:54so
- 3:54hard
- 3:55for
- 3:55people,
- 3:55even
- 3:55if
- 3:56they've
- 3:56reached
- 3:56certain
- 3:57success
- 3:57levels
- 3:58and
- 3:58hit
- 3:58big
- 3:59milestones,
- 3:59to
- 4:00feel
- 4:00true
- 4:01happiness?
- 4:02And
- 4:02the
- 4:02heart
- 4:03of
- 4:03the
- 4:03matter
- 4:03is
- 4:03it's
- 4:04a
- 4:04lot
- 4:04about
- 4:04enrichment.
- 4:05And
- 4:05when
- 4:05we
- 4:05talk
- 4:06about
- 4:06enrichment,
- 4:06this
- 4:07is
- 4:07about
- 4:08not
- 4:08just
- 4:09living
- 4:09a
- 4:10life
- 4:10of
- 4:10enrichment,
- 4:11but
- 4:11living
- 4:11on
- 4:12a
- 4:12daily
- 4:13level
- 4:13where
- 4:14we
- 4:14bring
- 4:15joy
- 4:16and
- 4:16we
- 4:16bring
- 4:17fun
- 4:17and
- 4:18we
- 4:18bring
- 4:18experiences
- 4:19that
- 4:20stimulate
- 4:21and
- 4:21nourish
- 4:22our
- 4:22mind,
- 4:23but
- 4:24our
- 4:24body
- 4:24and
- 4:24our
- 4:25soul.
- 4:25And
- 4:25here's
- 4:26the
- 4:26truth,
- 4:26because
- 4:27most
- 4:28business
- 4:28risks
- 4:29aren't
- 4:30life
- 4:30or
- 4:30death
- 4:31situations.
- 4:32And
- 4:32when
- 4:32we
- 4:33think
- 4:33about
- 4:33risk,
- 4:34these
- 4:34are
- 4:35emotional
- 4:36risks,
- 4:36like
- 4:37risking
- 4:38things
- 4:38like
- 4:38could
- 4:39be
- 4:39your
- 4:40reputation,
- 4:41or
- 4:41risking
- 4:42disappointment
- 4:43or
- 4:43even
- 4:43failure.
- 4:45So
- 4:45the
- 4:45key
- 4:45here
- 4:46is,
- 4:46is
- 4:46to
- 4:47start
- 4:47seeing
- 4:48fear
- 4:49as
- 4:49almost
- 4:49like
- 4:49data,
- 4:51like
- 4:51seeing
- 4:52it
- 4:52as
- 4:52a.
- 4:53A
- 4:53signal
- 4:54that
- 4:54you're
- 4:54kind
- 4:54of
- 4:55stretching
- 4:55into
- 4:55the
- 4:56unknown.
- 4:57Now
- 4:57what
- 4:57happens
- 4:58here
- 4:58is,
- 4:58is
- 4:58that
- 4:59you
- 4:59can
- 4:59start
- 4:59to
- 4:59use
- 5:00it
- 5:00in
- 5:00such
- 5:00a
- 5:01way
- 5:01that
- 5:02it's
- 5:02actually
- 5:02your
- 5:02advantage.
- 5:03And
- 5:03this
- 5:04is
- 5:04the.
- 5:04The
- 5:04funny
- 5:05thing
- 5:05that
- 5:05people
- 5:05go,
- 5:05well,
- 5:06how.
- 5:06How
- 5:06can
- 5:06fear
- 5:07be
- 5:07an
- 5:07advantage?
- 5:08Well,
- 5:08in
- 5:08fact,
- 5:09in
- 5:09some
- 5:10cases,
- 5:11my
- 5:12biggest
- 5:12growth
- 5:12moments
- 5:13came
- 5:13from
- 5:14moments
- 5:14that
- 5:14I
- 5:15thought
- 5:15like,
- 5:16you
- 5:17know,
- 5:17I
- 5:17might
- 5:17be
- 5:17too
- 5:18much,
- 5:18or
- 5:18I
- 5:18might
- 5:18be
- 5:19on
- 5:19the
- 5:19risk
- 5:19of
- 5:19really
- 5:20failing,
- 5:20or
- 5:21this
- 5:21could
- 5:21be
- 5:21catastrophic
- 5:22to
- 5:22my
- 5:23business.
- 5:23Because
- 5:24when
- 5:25I
- 5:25look
- 5:25at
- 5:25when
- 5:25I
- 5:26was
- 5:26most
- 5:26scared
- 5:27in
- 5:27my
- 5:27business,
- 5:28it
- 5:29was
- 5:29the
- 5:29time
- 5:30that
- 5:30I
- 5:30had
- 5:31my
- 5:31biggest
- 5:31learning,
- 5:32my
- 5:33biggest
- 5:33trajectory
- 5:34of
- 5:34growth,
- 5:35my
- 5:35biggest
- 5:36learnings.
- 5:37And
- 5:37they
- 5:37came
- 5:38from
- 5:38challenges
- 5:38often.
- 5:39And
- 5:39the
- 5:40thing
- 5:40here
- 5:40is,
- 5:40is
- 5:41that
- 5:42I'm
- 5:42not
- 5:42saying
- 5:42all
- 5:43of
- 5:43the
- 5:43times
- 5:43I
- 5:43was
- 5:44in
- 5:44fear,
- 5:44I
- 5:44was
- 5:44unsuccessful.
- 5:45It's
- 5:45a
- 5:46blend.
- 5:46And
- 5:46sometimes,
- 5:47you
- 5:47know,
- 5:47if
- 5:47I
- 5:47think
- 5:48about
- 5:48things
- 5:49I've
- 5:49done
- 5:49that
- 5:49felt
- 5:50very
- 5:50risky,
- 5:52very
- 5:52scary,
- 5:53they
- 5:54definitely
- 5:54brought
- 5:54growth
- 5:55because
- 5:56even
- 5:56if
- 5:56they
- 5:56weren't
- 5:57successful,
- 5:58what
- 5:58I
- 5:58learned,
- 5:59why
- 5:59actually
- 5:59understood
- 6:00from
- 6:00that,
- 6:02actually
- 6:02put
- 6:02me
- 6:02on
- 6:02this
- 6:02whole
- 6:03new
- 6:03trajectory
- 6:03or
- 6:04whole
- 6:04new
- 6:04way
- 6:04of
- 6:05thinking.
- 6:06So
- 6:06I
- 6:07want
- 6:07to
- 6:07be
- 6:07clear
- 6:07here
- 6:07that
- 6:08I'm
- 6:08talking
- 6:08about
- 6:08risk
- 6:09not
- 6:09being
- 6:09reckless.
- 6:10And
- 6:10this
- 6:10kind
- 6:11of
- 6:11brings
- 6:11me
- 6:11on
- 6:11to
- 6:11the
- 6:11next
- 6:12part,
- 6:12because
- 6:13risk
- 6:14is
- 6:14about
- 6:15Making
- 6:15a
- 6:16calculation
- 6:16around
- 6:17something
- 6:17and
- 6:17it's
- 6:18not
- 6:18about
- 6:19like
- 6:19throwing
- 6:19your
- 6:20entire
- 6:20business
- 6:20into
- 6:21chaos.
- 6:22There's
- 6:22a
- 6:22huge
- 6:22difference
- 6:23between
- 6:24calculated
- 6:24risk
- 6:25and
- 6:26recklessness.
- 6:26So
- 6:27when
- 6:27we
- 6:27think
- 6:28about
- 6:29calculated
- 6:30risk,
- 6:30what
- 6:30is
- 6:30this?
- 6:31Well,
- 6:31it's
- 6:31when
- 6:31you've
- 6:32done
- 6:32your
- 6:32research,
- 6:32when
- 6:33you've
- 6:34really
- 6:34kind
- 6:34of
- 6:34leaned
- 6:35into
- 6:35the
- 6:35situation
- 6:36and
- 6:36you've
- 6:36weighed
- 6:37out
- 6:37the
- 6:38outcomes
- 6:39and
- 6:39you
- 6:40decide
- 6:40to
- 6:41like
- 6:41move
- 6:42forward
- 6:44despite
- 6:44the
- 6:45fear.
- 6:45And
- 6:45this
- 6:46is
- 6:46the
- 6:46thing,
- 6:46because
- 6:48if
- 6:48you
- 6:48feel
- 6:49fear,
- 6:49I
- 6:50want
- 6:50you
- 6:50to
- 6:50understand
- 6:50that
- 6:51it's
- 6:51not
- 6:51a
- 6:51bad
- 6:51thing.
- 6:52And
- 6:52you
- 6:52know,
- 6:53when
- 6:53we
- 6:54think
- 6:54about
- 6:54recklessness,
- 6:55that
- 6:55is
- 6:55a
- 6:55bad
- 6:56thing
- 6:56because
- 6:56that's
- 6:56when
- 6:57you
- 6:57move
- 6:57without
- 6:58a
- 6:58plan.
- 6:59Fear
- 6:59can
- 7:00become
- 7:00with
- 7:00the
- 7:00most
- 7:01strategic
- 7:01plan.
- 7:02It
- 7:02can
- 7:02come
- 7:03with
- 7:03actions,
- 7:04it
- 7:04can
- 7:04come
- 7:04with
- 7:04clarity,
- 7:05it
- 7:05can
- 7:05come
- 7:06with
- 7:06confidence
- 7:06and
- 7:07utter
- 7:07conviction.
- 7:08But
- 7:09it's
- 7:09whether
- 7:09we
- 7:09lean
- 7:10into
- 7:10that
- 7:10fear
- 7:11and
- 7:11decide
- 7:11to
- 7:12do
- 7:12it
- 7:12anyway.
- 7:13And
- 7:14now
- 7:14often
- 7:14fear
- 7:15is
- 7:15the
- 7:15thing
- 7:15that
- 7:15stalls
- 7:16us.
- 7:17And
- 7:18yes,
- 7:18it's
- 7:19scary,
- 7:19but
- 7:20we
- 7:20know
- 7:20that
- 7:20staying
- 7:21in
- 7:21your
- 7:21comfort
- 7:21level
- 7:22is
- 7:22not
- 7:23where
- 7:23growth
- 7:23happens.
- 7:24Because
- 7:25if
- 7:25I
- 7:25think
- 7:25about
- 7:26when
- 7:26I
- 7:26invested
- 7:27in
- 7:27my
- 7:27sort
- 7:27of
- 7:28first
- 7:28ever
- 7:28like
- 7:29big
- 7:29personal
- 7:29brand
- 7:30push
- 7:30or
- 7:31that,
- 7:31you
- 7:32know,
- 7:32had
- 7:32pr,
- 7:33I
- 7:33was
- 7:33doing
- 7:34speaking
- 7:34events,
- 7:35media
- 7:36features
- 7:36and
- 7:36things
- 7:36like
- 7:37that,
- 7:37it
- 7:38was
- 7:38absolutely
- 7:38terrifying.
- 7:39I
- 7:39was
- 7:39panic
- 7:40stricken
- 7:41by
- 7:41public
- 7:41speaking.
- 7:42I
- 7:43hated
- 7:43it,
- 7:43absolutely
- 7:44hated
- 7:44it.
- 7:44I
- 7:45would
- 7:45have
- 7:45wished
- 7:46for
- 7:46like
- 7:47a
- 7:47fire
- 7:47alarm
- 7:48and
- 7:48if
- 7:48I
- 7:48was
- 7:49being
- 7:49put
- 7:49on
- 7:49stage
- 7:50somewhere
- 7:51and
- 7:51then
- 7:52I
- 7:52decided
- 7:52to
- 7:52my,
- 7:53you
- 7:53know,
- 7:53to
- 7:53face
- 7:53my
- 7:54fears
- 7:54and
- 7:54show
- 7:55up
- 7:55anyway
- 7:55and,
- 7:56you
- 7:56know,
- 7:57got
- 7:57on
- 7:57stage.
- 7:58And
- 7:59what's
- 7:59interesting
- 8:00is,
- 8:00is
- 8:00that
- 8:01the
- 8:01fear
- 8:01reduces
- 8:02as
- 8:02something
- 8:03becomes
- 8:03your
- 8:03new
- 8:04normality.
- 8:05So
- 8:05the
- 8:05more
- 8:05I
- 8:05did
- 8:05it
- 8:06and
- 8:06I
- 8:06didn't
- 8:07die
- 8:07and
- 8:07I
- 8:07didn't
- 8:07fall
- 8:08off
- 8:08stage
- 8:08and
- 8:08nothing
- 8:08bad
- 8:09happened,
- 8:09the
- 8:10more
- 8:10I
- 8:10started
- 8:10to
- 8:10understand
- 8:11that,
- 8:11oh,
- 8:12actually
- 8:13fear
- 8:14can
- 8:14be
- 8:14something
- 8:14that
- 8:15really
- 8:15like
- 8:15catapults
- 8:16me
- 8:16into
- 8:16the
- 8:17next
- 8:17level.
- 8:17And
- 8:18fear
- 8:18doesn't
- 8:19have
- 8:19to
- 8:19be
- 8:19something
- 8:20that
- 8:20I
- 8:20avoid.
- 8:21Fear
- 8:21can
- 8:21be
- 8:22something
- 8:22that
- 8:22I
- 8:23embrace.
- 8:24So,
- 8:25you
- 8:25know,
- 8:25if
- 8:25I
- 8:25think
- 8:26about
- 8:27the
- 8:27investments,
- 8:28even
- 8:28when
- 8:28I've
- 8:28done
- 8:28things
- 8:29like,
- 8:29you
- 8:29know,
- 8:29big
- 8:30five
- 8:30figure
- 8:30or
- 8:31six
- 8:31figure
- 8:31investment,
- 8:33I'd
- 8:33run
- 8:34the
- 8:34numbers
- 8:34first
- 8:34of
- 8:35all,
- 8:35I'd
- 8:35maybe
- 8:36map
- 8:36out
- 8:36the
- 8:36ROI
- 8:37and
- 8:37the
- 8:37possibilities.
- 8:38And
- 8:39if
- 8:39I
- 8:39knew
- 8:40that
- 8:40it
- 8:40was
- 8:40going
- 8:41to
- 8:41bring
- 8:41sort
- 8:41of
- 8:41the,
- 8:42the
- 8:42visibility
- 8:43and
- 8:44it
- 8:44was
- 8:44going
- 8:44to
- 8:44catapult
- 8:45my
- 8:45business,
- 8:46I
- 8:46did
- 8:47it.
- 8:47And
- 8:48you
- 8:48know,
- 8:48within
- 8:48five
- 8:49months
- 8:49out
- 8:49of
- 8:50five
- 8:50times
- 8:51that
- 8:51revenue,
- 8:52you
- 8:52know,
- 8:52the
- 8:53ROI
- 8:53on
- 8:53it
- 8:53was
- 8:54huge.
- 8:55So
- 8:55I
- 8:55would
- 8:56urge
- 8:56you
- 8:56to
- 8:56lean
- 8:57into
- 8:57a
- 8:58little
- 8:58bit
- 8:58of
- 8:58fear
- 8:59and
- 8:59to
- 8:59think
- 9:00that,
- 9:00you
- 9:00know,
- 9:00even
- 9:01if
- 9:01you're
- 9:01investing
- 9:01in
- 9:02something,
- 9:02when
- 9:02I've
- 9:03invested
- 9:03in
- 9:03mentors,
- 9:04masterminds,
- 9:05Retreats.
- 9:06I
- 9:07always
- 9:07feel
- 9:07the
- 9:07fear.
- 9:08And
- 9:08I
- 9:08think
- 9:08it's
- 9:09a
- 9:09good
- 9:09thing
- 9:09because
- 9:10it
- 9:10means
- 9:11that
- 9:11you
- 9:11are
- 9:11weighing
- 9:12up.
- 9:13You
- 9:13are
- 9:14actually
- 9:15tuning
- 9:15into
- 9:16the
- 9:16fact
- 9:16that
- 9:16if
- 9:17you
- 9:17invest
- 9:17in
- 9:17this,
- 9:18you're
- 9:18gonna
- 9:19have
- 9:19to
- 9:19commit
- 9:19to
- 9:19it.
- 9:20So
- 9:20it's
- 9:21like
- 9:21having
- 9:21skin
- 9:21in
- 9:21the
- 9:22game.
- 9:22I
- 9:22think,
- 9:23you
- 9:23know,
- 9:23investment
- 9:24is
- 9:24great
- 9:24because
- 9:25as
- 9:25long
- 9:26as
- 9:26you
- 9:26put
- 9:26the
- 9:26effort
- 9:27in
- 9:27and
- 9:27you
- 9:28know
- 9:29that
- 9:29this
- 9:29is
- 9:30something
- 9:30that
- 9:30feels
- 9:31right
- 9:31for
- 9:31you,
- 9:32then
- 9:32go
- 9:33with
- 9:33it.
- 9:33And
- 9:34the
- 9:34thing
- 9:34is
- 9:35here
- 9:35is
- 9:35that
- 9:35even
- 9:36if
- 9:36something
- 9:36doesn't
- 9:37go
- 9:37right,
- 9:38that
- 9:38investment,
- 9:38that
- 9:39fear
- 9:39will
- 9:39bring
- 9:40learnings.
- 9:40And
- 9:40I
- 9:41promise
- 9:41you,
- 9:42it
- 9:42will
- 9:43be
- 9:43part
- 9:43of
- 9:44that
- 9:44biggest
- 9:44growth
- 9:45for
- 9:45you
- 9:46either
- 9:46way.
- 9:47But
- 9:47doing
- 9:47nothing
- 9:48and
- 9:48not
- 9:49moving
- 9:49forward,
- 9:49that's.
- 9:50That's
- 9:50the
- 9:50biggest
- 9:51risk
- 9:51you
- 9:51can
- 9:52take.
- 9:52And.
- 9:53And
- 9:53that,
- 9:53to
- 9:53me,
- 9:54feels
- 9:54reckless
- 9:55that
- 9:55we
- 9:55are
- 9:55not
- 9:56moving
- 9:56forward.
- 9:57Now,
- 9:58the
- 9:58next
- 9:58stage
- 9:59here,
- 9:59and
- 10:00this
- 10:00is
- 10:00something
- 10:00that
- 10:01you
- 10:01may
- 10:02not
- 10:02have
- 10:03heard
- 10:03as
- 10:04much
- 10:04in
- 10:04the
- 10:05business
- 10:05world.
- 10:06It's
- 10:06the
- 10:06opportunity
- 10:07cost
- 10:07principle.
- 10:09It's
- 10:09something
- 10:09that
- 10:10I
- 10:11learned
- 10:11in
- 10:11a
- 10:11very
- 10:12young
- 10:12age,
- 10:12probably
- 10:12my
- 10:1320s,
- 10:13that
- 10:14we
- 10:14don't
- 10:15really
- 10:15talk
- 10:15enough
- 10:15about
- 10:16this
- 10:16in
- 10:16business
- 10:17because
- 10:17often
- 10:18money
- 10:19is
- 10:19kind
- 10:19of
- 10:20seeded
- 10:20as
- 10:21this
- 10:21thing
- 10:21that
- 10:21we
- 10:21shouldn't
- 10:22ever
- 10:22be
- 10:22talking
- 10:23about.
- 10:23And,
- 10:24you
- 10:24know,
- 10:25playing
- 10:25it
- 10:25safe
- 10:26does
- 10:27actually
- 10:27cost
- 10:28you
- 10:29more
- 10:29than
- 10:29taking
- 10:30the
- 10:30right
- 10:30risk.
- 10:31So
- 10:31what
- 10:32is
- 10:32the
- 10:33opportunity
- 10:34cost?
- 10:35Well,
- 10:35it's
- 10:36the
- 10:36value
- 10:38in
- 10:38what
- 10:38you
- 10:39lose
- 10:39by
- 10:39not
- 10:40taking
- 10:40action.
- 10:41And
- 10:42this
- 10:42really
- 10:42did
- 10:42change
- 10:43my
- 10:43whole
- 10:43mindset,
- 10:44and
- 10:44it
- 10:44got
- 10:44me
- 10:44thinking.
- 10:45And
- 10:45I
- 10:45remember
- 10:45being
- 10:45in
- 10:46my
- 10:4620s
- 10:46and
- 10:46thinking,
- 10:47well,
- 10:48if
- 10:48I
- 10:48don't
- 10:49do
- 10:49this,
- 10:49what
- 10:50will
- 10:50happen?
- 10:50And
- 10:51looking
- 10:51at
- 10:51it,
- 10:51you
- 10:52know,
- 10:52the.
- 10:52The
- 10:52risk
- 10:52there
- 10:53was
- 10:53far
- 10:53greater
- 10:54than
- 10:55losing
- 10:55the
- 10:55money
- 10:55itself
- 10:56because
- 10:56I
- 10:57could
- 10:57always
- 10:57make
- 10:57the
- 10:57money
- 10:58back.
- 10:59So
- 10:59it's
- 10:59the
- 11:00cost
- 11:00of
- 11:01the
- 11:01value
- 11:02around
- 11:03not
- 11:03taking
- 11:03it.
- 11:04And
- 11:05if
- 11:05I
- 11:05think
- 11:05about
- 11:06this
- 11:06every
- 11:07time,
- 11:08you
- 11:08know,
- 11:08you
- 11:08hold
- 11:09back
- 11:09from
- 11:09doing
- 11:09something
- 11:10or
- 11:10I've
- 11:10held
- 11:10back
- 11:11from
- 11:11doing
- 11:11something,
- 11:11it
- 11:11could
- 11:12be
- 11:12launching
- 11:12or
- 11:13hiring
- 11:14or
- 11:14investing,
- 11:16it's
- 11:16because
- 11:16it
- 11:16feels
- 11:17scary.
- 11:18And
- 11:19you're
- 11:19not
- 11:19just
- 11:19avoiding
- 11:20risk.
- 11:21You're
- 11:21losing
- 11:22potential
- 11:23revenue,
- 11:25you
- 11:25are
- 11:26losing
- 11:26market
- 11:27share,
- 11:27and
- 11:27you're
- 11:28definitely
- 11:28losing
- 11:29momentum.
- 11:31So
- 11:31when
- 11:31I
- 11:32think
- 11:32about
- 11:32it
- 11:33like
- 11:33that,
- 11:34that
- 11:34definitely
- 11:35repositioned
- 11:36how
- 11:36I
- 11:36thought
- 11:36about
- 11:36everything
- 11:37from
- 11:37my
- 11:3720s
- 11:38to
- 11:38my
- 11:3830s.
- 11:38I'm
- 11:3946
- 11:39now,
- 11:40and
- 11:40sometimes
- 11:41the
- 11:41safest
- 11:42move
- 11:42can
- 11:43sometimes
- 11:43be
- 11:44the
- 11:44most
- 11:45expensive
- 11:45to
- 11:45us,
- 11:46if
- 11:46that
- 11:46makes
- 11:46sense.
- 11:47So
- 11:47I
- 11:48want
- 11:48you
- 11:48to
- 11:48think
- 11:48about
- 11:49it,
- 11:49because
- 11:50one
- 11:50of
- 11:50the
- 11:50things
- 11:51that
- 11:51I
- 11:51wrote
- 11:51down
- 11:52here
- 11:52and
- 11:52I
- 11:52really
- 11:53wanted
- 11:53to
- 11:53share,
- 11:54almost
- 11:54like
- 11:55if
- 11:55this
- 11:55was
- 11:56the
- 11:56one
- 11:56thing
- 11:56that
- 11:56you
- 11:56took
- 11:57from
- 11:57this
- 11:57podcast,
- 11:58is
- 11:58that
- 11:59the
- 11:59next
- 12:00time
- 12:00that
- 12:00you're
- 12:01weighing
- 12:02up
- 12:02a
- 12:02decision,
- 12:03like,
- 12:03ask
- 12:03yourself
- 12:04this,
- 12:05what's
- 12:06the
- 12:06cost
- 12:07of
- 12:07staying
- 12:08where
- 12:09I
- 12:09am?
- 12:10And
- 12:10what's
- 12:11the
- 12:11upside
- 12:12of
- 12:12moving,
- 12:13even
- 12:13if
- 12:13it
- 12:14feels
- 12:14uncomfortable?
- 12:15So
- 12:15when
- 12:15you
- 12:16hold
- 12:16those
- 12:16two
- 12:16thoughts,
- 12:17the
- 12:17next
- 12:18time
- 12:18something
- 12:18comes
- 12:19to
- 12:19you,
- 12:19the
- 12:19next
- 12:19time
- 12:19an
- 12:20opportunity
- 12:20presents
- 12:20itself
- 12:21and
- 12:21you
- 12:21think,
- 12:21oh
- 12:22my
- 12:22goodness,
- 12:22like,
- 12:22this
- 12:22is
- 12:23huge.
- 12:23But
- 12:23oh
- 12:24my
- 12:24goodness,
- 12:24this
- 12:24is
- 12:25scary.
- 12:25And
- 12:26you
- 12:26feel
- 12:26the
- 12:26fear,
- 12:27weigh
- 12:28up
- 12:28the
- 12:28two
- 12:28options,
- 12:29you
- 12:29know,
- 12:29and
- 12:30is
- 12:30it
- 12:30going
- 12:30to
- 12:30cost
- 12:30you
- 12:31more
- 12:31by
- 12:32not
- 12:32taking
- 12:32the
- 12:32risk
- 12:33and
- 12:33feeling
- 12:33the
- 12:33fear?
- 12:34So
- 12:35we
- 12:35know
- 12:36that
- 12:36leaders
- 12:37who
- 12:37scale
- 12:38the
- 12:39fastest,
- 12:40they're
- 12:40not
- 12:40reckless,
- 12:41they
- 12:41are
- 12:41definitely
- 12:42risk
- 12:42takers,
- 12:43but
- 12:44they
- 12:44also
- 12:44don't
- 12:45let
- 12:45fear
- 12:46define
- 12:47them.
- 12:47And
- 12:48they
- 12:48definitely
- 12:48don't
- 12:49let
- 12:49fear
- 12:49keep
- 12:49them
- 12:50stuck
- 12:50because
- 12:51they
- 12:51understand
- 12:52that
- 12:53calculated
- 12:54risks
- 12:54are
- 12:54actually
- 12:55part
- 12:55of
- 12:55the
- 12:55journey.
- 12:55They're
- 12:56like
- 12:56this
- 12:56bridge
- 12:57between
- 12:58where
- 12:58they
- 12:58are
- 12:59now
- 12:59and
- 13:00where
- 13:00they
- 13:00want
- 13:00to
- 13:01be.
- 13:01So
- 13:02the
- 13:02real
- 13:02danger
- 13:03here
- 13:03is
- 13:03that
- 13:04please,
- 13:04please,
- 13:05please
- 13:05lean
- 13:05into
- 13:05this
- 13:06every
- 13:06time
- 13:06you
- 13:06make
- 13:07a
- 13:07decision
- 13:07that
- 13:08if
- 13:09staying
- 13:10in
- 13:10a
- 13:10place
- 13:11that
- 13:11no
- 13:11longer
- 13:12challenges
- 13:12you,
- 13:14that
- 13:15could
- 13:15be
- 13:15the
- 13:15most
- 13:15expensive
- 13:16thing
- 13:17in
- 13:17your
- 13:18whole
- 13:18business
- 13:19journey.
- 13:20So
- 13:20think
- 13:20about
- 13:20this,
- 13:21make
- 13:22a
- 13:22decision,
- 13:23weigh
- 13:23the
- 13:23risks
- 13:24up,
- 13:24and
- 13:24always
- 13:25think
- 13:25about
- 13:26what
- 13:26is
- 13:26the
- 13:26worst
- 13:27thing
- 13:27that
- 13:28can
- 13:28happen.
- 13:29So,
- 13:29again,
- 13:29I
- 13:30hope
- 13:30you
- 13:30enjoyed
- 13:31the
- 13:31podcast.
- 13:32If
- 13:32you're
- 13:33watching
- 13:33this
- 13:33on
- 13:33YouTube,
- 13:34please
- 13:34subscribe.
- 13:35If
- 13:35you're
- 13:35on
- 13:36socials
- 13:36again,
- 13:37please
- 13:38come
- 13:38and
- 13:39say
- 13:39hi.
- 13:40And
- 13:40also
- 13:41do
- 13:41me
- 13:41a
- 13:41favor
- 13:42and
- 13:42rate
- 13:42and
- 13:43review
- 13:43the
- 13:43podcast
- 13:43because
- 13:44if
- 13:44you
- 13:44enjoyed
- 13:44this
- 13:44episode,
- 13:45help
- 13:45me
- 13:45spread
- 13:46the
- 13:46world
- 13:46and
- 13:47help
- 13:47us
- 13:47on
- 13:47our
- 13:48mission
- 13:48to
- 13:48reach
- 13:49the
- 13:49top
- 13:491%
- 13:50of
- 13:50podcasts
- 13:51globally.
- 13:56Thanks
- 13:57for
- 13:57listening
- 13:57to
- 13:58dawn
- 13:58of
- 13:58a
- 13:59New
- 13:59Era,
- 13:59the
- 13:59podcast
- 14:00brought
- 14:00to
- 14:00you
- 14:00in
- 14:00association
- 14:01with
- 14:01the
- 14:02Her
- 14:02Power
- 14:02Community.
- 14:03This
- 14:04initiative
- 14:04was
- 14:05founded
- 14:05by
- 14:05myself
- 14:06and
- 14:06it's
- 14:06all
- 14:06about
- 14:06empowering
- 14:07female
- 14:07founders
- 14:08to
- 14:08really
- 14:08recognize
- 14:09their
- 14:09limitless
- 14:10potential
- 14:11and
- 14:11pursue
- 14:11their
- 14:12ambitions
- 14:12with
- 14:13confidence.
- 14:14Now
- 14:14there
- 14:14is
- 14:14less
- 14:15than
- 14:151.8%
- 14:16that
- 14:16goes
- 14:16into
- 14:17investing
- 14:18in
- 14:18female
- 14:18founded
- 14:18businesses
- 14:19and
- 14:20we
- 14:20are
- 14:20here
- 14:20to
- 14:21make
- 14:21positive
- 14:22change.
- 14:22So
- 14:22come
- 14:23and
- 14:23support
- 14:23us
- 14:23on
- 14:23Instagram
- 14:24at
- 14:24Her
- 14:25Power
- 14:25Community
- 14:26and
- 14:26find
- 14:26out
- 14:26more
- 14:27about
- 14:27what
- 14:27we're
- 14:27doing
- 14:28to
- 14:28support
- 14:28female
- 14:29founders
- 14:29to
- 14:29scale
- 14:30and
- 14:30grow
- 14:30their
- 14:31businesses.